History will show that corporations first destroyed the environment and the middle class and then they destroyed themselves via record corporate debt onboarded during the worst global deflation in ninety years. All due to insatiable greed and the self-cannibalizing delusion of infinite growth. THE END.
Per their mandate, the reliably useful Idiocracy has not even the slightest clue what is coming.
Compliments of their beloved Pervert Hoover and extreme greed
This is the highest greed index since the tax cut was announced and before that three years ago this week when Big Donny was elected.
The catalyst for this rally was news overnight that the trade war is "over". Therefore tariffs will be removed in phases.
Whether any of that actually happens or not is of course TBD. However, needless to say, Trump is getting a tad desperate to end this economic phase of the existential hegemon war with China. Next step is to get into a real war to seal re-election.
From a global perspective, this is all much ado about absolutely nothing. One year of negotiations squandered, just now ratcheting back the trade war to where it was one year ago.
But the damage is done. Bond yields are screaming higher at the fastest rate since THIS WEEK three years ago:
"The 10-year yield jumped 15 basis points to 1.96%, the biggest jump since the 20 basis point move the day after Trump was elected in 2016."
Any comparisons between the beginning of the MAGA vacation from responsibility and now, are LETHAL. There is no safety net of any kind beneath this market.
Safe havens are getting monkey hammered:
The locus of trade wars - semiconductors - are parabolic
And of course...
Dow Transports peaked a year ago
Dow Theory STILL hasn't confirmed this "new all time high"
In summary, prepare for VolPlosion 2.0 Final Edition
